Technology
Top News: BEML to list land holding company, 5G phones to cost Rs 10,000 in a year
Following approval from the corporate ministry, BEML will soon list its land holding company on the exchanges. On the other hand, the Income-tax department reported late Friday that corporate tax collections increased 34% in the first quarter of the current fiscal year compared to the same quarter in 2021–22. Our top headlines have more information on these.
Following approval from the corporate ministry, BEML will list its land holding company on the exchanges in the near future, assisting with efforts to privatise the defence PSU (PSU). The West Bengal and Karnataka governments had to approve the separation of BEML’s non-core assets into the land holding company. An official reported that all approvals were received on August 2.
Qualcomm, a multinational company, dominates the Indian mobile phone chip market. It works with most of the major telcos and manufacturers of mobile devices. In an interview with Surajeet Das Gupta, Rajen Vagadia, president of Qualcomm India & SAARC, discusses the development of the 5G ecosystem and consumer case uses across brands.
The Income-tax department announced late Friday that corporate tax collections increased 34% in the first four months of the current fiscal year compared to the same period in 2021–22. This increase is proof that the “simplified tax regime with low rates and no exemptions” has delivered on its promise, according to the department.
Two more proxy advisory firms have followed Institutional Investor Advisory Services (IiAS) in urging shareholders to vote against Vijay Shekhar Sharma’s reappointment as Paytm’s CEO and MD. Both Stakeholders Empowerment Services (SES) and InGovern Research Services have advised against voting in favour of the resolution by the public shareholders.
Despite the fact that the company’s merchant and personal loans businesses are fully compliant with the new norms, analysts say Paytm’s “buy now, pay later” (BNPL) business may need some operational adjustments to do so. Currently, loans under Paytm Postpaid are not deposited into the customer’s account directly. These are instead transferred to a nodal account, where the payments company transfers them to the merchant’s account.
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Technology
Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3
Early this week, renders of the Edge 50 Fusion appeared, and Motorola has previously stated that the Edge 50 Pro will ship on April 3. The highest-end smartphone in the Edge 50 series, the Edge 50 Ultra, has now been shown in renders.
The phone is depicted in the renderings in peach fuzz and black with a vegan leather finish, while sisal, a beige color, will have a brushed surface. As opposed to the Snapdragon 7 Gen 3 in the Pro variant and the Snapdragon 6 Gen 1 in the Edge 50 Fusion, the phone is reportedly powered by the Snapdragon 8s Gen 3 SoC.
A 50MP primary camera, an ultra-wide camera, and a periscope telephoto camera with a 5x optical zoom are all included in the Motorola Edge 50 Ultra’s feature set. Additionally, there is a triple LED flash on the right side and a laser autofocus feature above the periscope lens.
Although the phone’s display, battery, and charging specifications are yet unknown, the Edge 50 Pro is said to include 12GB of RAM and support both 50W and 125W wired and wireless charging.
It is anticipated that this will launch as the Motorola X50 Ultra in China. It is unclear if the India launch may be expected on the same day as the rest of the Edge 50 series phones, even if this is scheduled to go official on April 3.
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